Ashurst advised Allegro Funds and Questas Group on sale to Five V Capital
Global law firm Ashurst has advised Allegro Funds (Allegro) and Questas Group (Questas) on the sale of 100% of the issued share capital in Questas to private equity and venture capital firm Five V Capital.
Allegro, one of Australia’s most-awarded private equity firms, acquired a majority stake in Questas—Australia’s largest independent hydraulics company—in 2019. Since then, Questas has more than tripled in size and grown its revenue through an organic growth strategy.
“We are delighted to have acted on the successful exit of this business through its sale to Five V,” said Anton Harris (Partner, Head of Private Capital), who also advised Allegro on acquiring its controlling interest in Questas in 2019.
The Ashurst team was led by Anton Harris (Partner, Head of Private Capital), supported by Sharon Liu (Senior Associate), Adelaide Holm (Associate), and Sarah Columbus (Associate) (Corporate Transactions); Tony Hill (Partner) and Rachel Daniel (Counsel) (Projects & Energy Transition); Shawn Wytenburg (Partner), Cameron Jordan (Associate), and Calvin Fong (Associate) (Global Loans); Rebecca Cope (Partner) and Dominic Christie (Associate) (Digital Economy Transactions); Jennie Mansfield (Partner) and Mohamad Ardati (Senior Associate) (Employment); and Anita Cade (Partner), Leah Alysandratos (Associate), and Isaac Song (Associate) (IP/Media).
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